3KRON 4 Early News
making the roads dam. we will be right back. if the fiscal cliff negotiations and the president obama continues to push for his plans to avert a fiscal cliff. he will hold a conference today with a bipartisan group of mayors and community leaders to talk about preventing an income tax increase on middle class families while finding a way reduce the deficit. president obama and house speaker baker had a private phone call last night or republicans presented a counteroffer to the president. so far president obama and republicans and not able work out a budget compromise. they appear to be getting closer and how much to cut from the federal budget and how much tax revenue to raise. at the same time we're here from house democrats that the deal may not be done by christmas. >> and world news north korea's launch of a long- range rocket and satellite is sparking international outrage this morning. the white house is calling the launch " a highly provocative act that threatens regional security on " south korean and japanese officials think the launch is a cover for the test of the ban ball
. >> house speaker john boehner took a break from the fiscal cliff negotiations. to help light of the capitol christmas tree. the tree is an evil man spruce and comes from colorado's white river national forest. it has been outfitted with a 10,000 lights and ornaments. it will be hit each night until the day after christmas. >> we will take a quick break. coming up essex o'clock. a quadruple shooting in oakland last my injures for people which will have live reports coming up. we're also watching the flood levels are around the bay area this morning as to rain is back and we will have a live picture from core take more dear rock creek. plus crews and lafayette are concerned that iran could make the huge seco even worse.
edges to the fiscal cliff. house speaker says there is serious differences between him and president volvo on how to avert. >> the negotiation could beyond that. the house speaker has told gop lawmakers not to make plans for the week after christmas. >> senate democrats have hobble together a $64 billion disaster impact for new york new jersey and other states that were hit by superstores standing. >> about $9 billion will be spent over the next nine months in addition $12 billion the following year. >> >> the federal reserve has announced it is expanding its controversy a stimulus program in an effort to keep long-term interest rates near record lows. >> the fed said yesterday that it plans on by $45 billion in treasuries and $40 billion in mortgage- backed securities each month. federal german man bernanke says concerns over the fiscal cliff has prompted him to keep the federal funds rate low. says tl bank believes the crisis will be resolved without any major long-term harm. >> centerethe november deficit s 25% higher than the same month last year. the government was it here with a deficit of 1.1 trillion dollars. >> here in th
Fetching more results